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oapen-20.500.12657-637062023-06-30T02:37:27Z International Financial Centres after the Global Financial Crisis and Brexit Cassis, Youssef Wójcik, Dariusz international financial centre, global financial crisis, Brexit, financial regulation, fintech, banking, financial and business services, Asia, Europe, United States of America bic Book Industry Communication::K Economics, finance, business & management::KC Economics bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCL International economics::KCLF International finance bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCX Economic & financial crises & disasters bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance::KFFK Banking bic Book Industry Communication::R Earth sciences, geography, environment, planning::RG Geography::RGC Human geography::RGCM Economic geography bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCZ Economic history This book gathers leading economic historians, geographers, and social scientists to focus on the developments in key international financial centres following the 2008 Global Financial Crisis and to consider the likely effects of Brexit on these centres. Eleven centres in eight countries are taken into consideration: New York, London, Frankfurt, Paris, Zurich/Geneva, Hong Kong/Shanghai/Beijing, Tokyo, and Singapore. The book addresses three main issues. The first is the hierarchy of international financial centres, in particular whether Asian financial centres have taken advantage of the crisis in the West. The second is the medium-term effects of the crisis, with respect to the volume of business activity (including employment), and the level of regulation, with concerns regarding the risks of regulatory overkill. And the third is the rise of new technology, known as fintech, possibly the most important change in the decade following the crisis, with questions as to whether it will render financial centres, as we know them, unnecessary for the functioning of the global economy, and which cities are likely to emerge as hubs of new financial technology. Finally, the book discusses the likely effects of Brexit on international financial centres, in particular London, Paris, and Frankfurt. The book takes a decidedly interdisciplinary approach, with a general introduction providing a global overview from a historical perspective, and a general conclusion providing a global overview from a geographical perspective. Its focus on the implications for global financial centres is unique among books about the aftermath of the Global Financial Crisis. 2023-06-29T13:31:31Z 2023-06-29T13:31:31Z 2018 book https://library.oapen.org/handle/20.500.12657/63706 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 9780198817314.pdf https://global.oup.com/academic/product/international-financial-centres-after-the-global-financial-crisis-and-brexit-9780198817314 Oxford University Press 10.1093/oso/9780198817314.001.0001 10.1093/oso/9780198817314.001.0001 b9501915-cdee-4f2a-8030-9c0b187854b2 fd53808a-cdec-480e-bf85-f52973f603b7 267 Oxford University of Oxford Oxford University open access
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This book gathers leading economic historians, geographers, and social scientists to focus on the developments in key international financial centres following the 2008 Global Financial Crisis and to consider the likely effects of Brexit on these centres. Eleven centres in eight countries are taken into consideration: New York, London, Frankfurt, Paris, Zurich/Geneva, Hong Kong/Shanghai/Beijing, Tokyo, and Singapore. The book addresses three main issues. The first is the hierarchy of international financial centres, in particular whether Asian financial centres have taken advantage of the crisis in the West. The second is the medium-term effects of the crisis, with respect to the volume of business activity (including employment), and the level of regulation, with concerns regarding the risks of regulatory overkill. And the third is the rise of new technology, known as fintech, possibly the most important change in the decade following the crisis, with questions as to whether it will render financial centres, as we know them, unnecessary for the functioning of the global economy, and which cities are likely to emerge as hubs of new financial technology. Finally, the book discusses the likely effects of Brexit on international financial centres, in particular London, Paris, and Frankfurt. The book takes a decidedly interdisciplinary approach, with a general introduction providing a global overview from a historical perspective, and a general conclusion providing a global overview from a geographical perspective. Its focus on the implications for global financial centres is unique among books about the aftermath of the Global Financial Crisis.
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